Myway Airlines

What Myway Airlines does

Myway Airlines is a Georgian commercial airline founded in 2016 and headquartered at Tbilisi International Airport, with a secondary presence at Batumi International Airport. The company operates a small fleet of two Boeing 737-800 passenger aircraft (each configured 162 economy / 8 business, totaling 170 seats) and one Boeing 737-700 freighter, and offers three core services: scheduled passenger flights across roughly ten routes connecting Georgia with destinations in Europe (Ukraine, Hungary, Italy), the Middle East (Israel, Kuwait), and CIS/Central Asia (Russia, Armenia); charter flight services for groups, corporate clients, and repatriation missions; and dedicated air cargo transportation. The cargo vertical was launched in July 2021 using the newly acquired 737-700 freighter with theoretical capacity of 20.5 tons and 138 CBM volume over 5,000 km, targeting European, Middle Eastern, and Asian cargo markets.

The airline was granted an Air Operator's Certificate (AOC) and Operating License (OL) in early 2018 and received EASA authorization in June 2018, enabling operations across 28 EU member states and 4 EFTA countries under a single centralized permit, with stated compliance with ICAO safety standards. Distribution is direct-to-consumer via the company's booking website (booking.mywayairlines.com), supplemented by a dedicated cargo sales office and charter sales channels. Marketing relies on social media (Facebook, Instagram, LinkedIn), email newsletters, and selective participation in aviation and tourism industry events such as Connect 2020 (Antalya) and Georgian National Tourism Administration presentations in Kuwait.

The revenue model is transaction-fee based across all three service lines (passenger tickets, charter contracts, cargo freight). Customer segments span individual travelers (primary), corporate and group charter clients (including the Georgian Football Federation and Georgian Government Delegations), and cargo shippers. The company is privately held, has not disclosed external funding or ownership details, and reports approximately 150 employees, including pilots, cabin crew, and administrative staff, with stated ties to the Aviation University. There is no public information on revenue, profitability, or post-2021 operating cadence.

Name

Myway Airlines

Legal name

Myway Airlines Co LTD

Website

https://mywayairlines.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Myway Airlines is a privately held Georgian commercial airline founded in 2016, operating scheduled passenger flights, charter services, and cargo transportation across Europe, the Middle East, and CIS countries from Tbilisi using a small Boeing 737 fleet.

Ownership category

akta.pro rank

Product category

Air Transportation Services

NAICS

Scheduled Passenger Air Transportation (481111), Scheduled Freight Air Transportation (481112)

SIC

Air Transportation, Scheduled (4512)

akta.pro industry

PRIMARYTHABAAAC

Regional Network Full-Service Airlines (Hub-and-Spoke)

Travel & Hospitality/Airlines & Air Travel/Full-Service (Network) Airlines

SECONDARYTHABAEAA

Scheduled Air Cargo Airlines (All-Cargo Carriers)

Travel & Hospitality/Airlines & Air Travel/Air Cargo Airlines & Freight Operators

Keywords

• Scheduled passenger flights
• Charter flight services
• Air cargo transportation
• Commercial airline operations
• Airport ground services

Headquarters

HQ city

Tbilisi

HQ country

Georgia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Passenger Air Transportation: Scheduled passenger flights between Tbilisi and various international destinations including Tel Aviv, Moscow, Kuwait, Batumi, Yerevan, Kharkiv, Kyiv, Budapest, Rome, and Zhukovsky
2. Charter Flights: Custom charter flight services for groups, special events, and repatriation missions
3. Cargo Transportation: Air cargo services expanding to cover European, Middle East, and Asian cargo markets using Boeing 737-700 aircraft

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Myway Airlines is a Georgian full-service commercial airline that operates scheduled passenger flights between Tbilisi (and Batumi) and destinations across Europe, the Middle East, Central Asia, and CIS countries using Boeing 737-800 aircraft. It also provides custom charter flight services for groups, special events, and repatriation missions, and operates dedicated air cargo transportation using a Boeing 737-700 freighter with capacity for 20.5 tons and 138 CBM volume over 5,000 km.

Product overview

Myway Airlines is a Georgian full-service commercial airline based at Tbilisi International Airport, founded in 2016 and operational since 2018. The company operates a fleet of two Boeing 737-800 aircraft for passenger services (170 seats each: 162 economy, 8 business) and one Boeing 737-700 for cargo operations (20.5 ton capacity, 138 CBM volume). Services include scheduled passenger flights to destinations in Europe, Middle East, Central Asia, and CIS countries; charter flight services; and air cargo transportation. The airline was granted Air Operator's Certificate (AOC) and Operating License (OL) in early 2018 and holds EASA authorization for operations across 28 EU member states and 4 EFTA countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Passenger Air Services

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered core.

• Georgian National Tourism AdministrationcoreGTM or Marketing Partner · 8 October 2018Joint marketing activities promoting Georgia as a tourist destination, including hosting Ukrainian tour operators and media representatives in Georgia.
• Georgian Football FederationcoreStrategic or Co-development Partner · 17 August 2018Myway Airlines is the official partner and carrier of the Georgian Football Federation, providing transportation for national team travels and related events.
• European Aviation Safety Agency (EASA)coreOthers · 26 June 2018EASA authorized Myway Airlines to operate to 28 EASA member countries and 4 EFTA countries with a single centralized permit, confirming compliance with ICAO safety standards.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Air Cairo: Egypt-based hybrid carrier combining scheduled and charter international services across Middle East and Europe using narrowbody equipment; comparable full-service-plus-charter model and route profile to Myway.
• flynas: Saudi low-cost carrier using an all-Airbus A320 fleet to serve CIS, Middle East, and select European routes; comparable to Myway as a younger, fast-growing regional carrier competing on thin international city pairs.
• Cham Wings Airlines: Syrian private airline operating scheduled and charter international services from the Middle East to Europe and CIS using Airbus A320 family aircraft; comparable as a smaller full-service regional operator expanding on secondary international routes.

Direct peers

• SCAT Airlines: Kazakhstan-based regional carrier providing scheduled passenger and cargo services across CIS, Middle East, and Asia using Boeing 737 equipment; similar in fleet type, multi-stream model, and secondary international route profile.
• Georgian Airways: Flag carrier of Georgia also operating scheduled international passenger flights from Tbilisi to Europe, CIS, and Middle East destinations with similar narrowbody equipment; directly competes with Myway on overlapping city pairs.
• Air Astana: Full-service regional carrier from the CIS operating scheduled passenger and cargo services across CIS, Europe, Middle East, and Asia using a Boeing 767/757 fleet profile; closely comparable in operating model and geographic focus to Myway.

Broad incumbents

• Pegasus Airlines: Major Turkish low-cost carrier operating Boeing 737 fleet across Europe, Middle East, and CIS routes that overlap with Myway's network from Tbilisi, competing on price-sensitive leisure traffic.
• Turkish Airlines: Global network carrier using Boeing 737s among other types on extensive Europe, Middle East, and CIS routes that intersect with Myway's network; sets the competitive benchmark and connecting-traffic dynamics for any Tbilisi-based airline.
• Air Arabia: Large Middle East-based low-cost carrier serving many of the same secondary international routes (CIS, Europe-Middle East) that Myway targets; comparable in its use of single-aisle aircraft and point-to-point network strategy, though at vastly greater scale.

Regional players

• Azerbaijan Airlines (AZAL): Flag carrier of Azerbaijan operating scheduled passenger and cargo flights from a Caucasus/CIS hub to Europe, Middle East, and Asia using Boeing and Airbus narrowbodies; comparable regional full-service competitor on overlapping corridors from the Caucasus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/MywayAirlines
• LinkedInlinkedin.com/company/myway-airlines
• Instagraminstagram.com/myway_airlines

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myway Airlines